BRIEF: Sun Art returns to the black on changing store mix
Supermarket operator Sun Art Retail Group Ltd. (6808.HK) reported Tuesday that revenue for its latest fiscal year through March fell 1.4% year-on-year to 71.6 billion yuan ($9.91 billion). But the…
Two Autonomous Driving IPOs, and Alibaba Sheds a ‘New Retail’ Asset
Horizon Robotics and WeRide have raised more than $1 billion combined in their IPOs in Hong Kong and New York. And Alibaba looks to sell its RT-Mart hypermarket chain.
Sun Art pursues life after Alibaba in China’s evolving retail landscape
Alibaba is negotiating with a potential buyer for its majority stake in the operator of RT-Mart hypermarkets, Sun Art said Key Takeaways: DCP Capital and Hillhouse are among the private…
BRIEF: Sun Art returns to profits on stabilizing business, cost cuts
Sun Art Retail Group Ltd. (6808.HK), operator of the RT-Mart supermarket chain, said on Tuesday it returned to the black in the six months through September, crediting stabilizing store traffic…
A supermarket David defeats Goliath in small-town China, outracing the times
With only a dozen stores in the Central city of Xuchang, Pang Donglai has become a modern legend for standing up to a flood of hypermarkets and online grocers Key…
